Banco Santander, S.A. (NYSE:SAN) Shares Acquired by M&T Bank Corp

M&T Bank Corp lifted its position in shares of Banco Santander, S.A. (NYSE:SANFree Report) by 5.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 107,030 shares of the bank’s stock after buying an additional 5,091 shares during the period. M&T Bank Corp’s holdings in Banco Santander were worth $717,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SAN. Northern Trust Corp increased its holdings in shares of Banco Santander by 46.4% during the 4th quarter. Northern Trust Corp now owns 10,775,261 shares of the bank’s stock worth $49,135,000 after buying an additional 3,413,685 shares during the last quarter. Chevy Chase Trust Holdings LLC increased its holdings in shares of Banco Santander by 30.5% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 11,875,594 shares of the bank’s stock worth $79,566,000 after buying an additional 2,774,449 shares during the last quarter. FMR LLC boosted its position in Banco Santander by 5.1% during the 4th quarter. FMR LLC now owns 21,953,176 shares of the bank’s stock worth $100,106,000 after purchasing an additional 1,059,449 shares during the period. Jane Street Group LLC boosted its position in Banco Santander by 4,041.6% during the 4th quarter. Jane Street Group LLC now owns 990,966 shares of the bank’s stock worth $4,519,000 after purchasing an additional 967,039 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Banco Santander during the 4th quarter worth $3,319,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Price Performance

NYSE:SAN opened at $8.50 on Tuesday. The firm has a 50-day moving average of $8.02 and a two-hundred day moving average of $6.73. The stock has a market cap of $128.72 billion, a P/E ratio of 9.76, a PEG ratio of 0.91 and a beta of 0.99. Banco Santander, S.A. has a 1-year low of $4.27 and a 1-year high of $8.90.

Banco Santander (NYSE:SANGet Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The bank reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. The company had revenue of $17.69 billion during the quarter, compared to analysts’ expectations of $15.94 billion. Banco Santander had a net margin of 16.92% and a return on equity of 12.26%. As a group, equities analysts expect that Banco Santander, S.A. will post 0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

SAN has been the subject of a number of research reports. Citigroup initiated coverage on shares of Banco Santander in a research report on Wednesday, June 4th. They set a “buy” rating for the company. Wall Street Zen raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Banco Santander presently has an average rating of “Buy”.

Check Out Our Latest Report on Banco Santander

Banco Santander Profile

(Free Report)

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.

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Institutional Ownership by Quarter for Banco Santander (NYSE:SAN)

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